Hemlock Semiconductor's parent very healthy

MIDLAND -- Make no mistake about it, Dow Corning Corp. is the engine under the hood of the investment vehicle that is Hemlock Semiconductor Corp.

Although the Thomas Township polycrystalline silicon giant plans to invest up to $1 billion over the next four years, no major moves occur without the approval of Dow Corning's Board of Directors.

"Strong growth at Dow Corning's joint venture, Hemlock Semiconductor Corp., alongside continued strength in our silicones business led to record sales in the first quarter," J. Donald Sheets, Dow Corning vice president and chief financial officer, said this week when announcing the company earned nearly $184 million, compared with a profit of $138 million during the same period a year ago.

"Our broad geographic presence and innovative choices for customers around the world allow us to sustain global competitiveness."